Electronic Bank Reconciliation 8.0

Transcription

1 Electronic Bank Reconciliation 8.0 An application for Microsoft Business Solutions Great Plains Furthering your success through innovative business solutions

2 Copyright Manual copyright 2004 Encore Business Solutions, Inc. Printed in Canada. All rights reserved. Your right to copy this documentation is limited by copyright law and the terms of the software license agreement. As the software licensee, you may make a reasonable number of copies or printouts for your own use. Making unauthorized copies, adaptations, compilations, or derivative works for commercial distribution is prohibited and constitutes a punishable violation of the law. Trademarks Great Plains, Dynamics, eenterprise, and Dexterity are either registered trademarks or trademarks of Great Plains Software, Inc. in the United States and/or other countries. Great Plains Software, Inc. is a wholly-owned subsidiary of Microsoft Corporation. The names of actual companies and products mentioned herein may be trademarks or registered marks - in the United States and/or other countries - of their respective owners. The names of companies, products, people and/or data used in window illustrations and sample output are fictitious and are in no way intended to represent any real individual, company, product, or event, unless otherwise noted. Warranty disclaimer Limitation of liability License agreement Encore Business Solutions Inc. disclaims any warranty regarding the sample code contained in this documentation, including the warranties of merchantability and fitness for a particular purpose. The content of this manual is furnished for informational use only, is subject to change without notice, and should not be construed as a commitment by Encore Business Solutions Inc. Encore Business Solutions Inc. assumes no responsibility or liability for any errors or inaccuracies that may appear in this manual. Neither Encore Business Solutions Inc. nor anyone else who has been involved in the creation, production, or delivery of this documentation shall be liable for any indirect, incidental, special, exemplary or consequential damages, including but not limited to any loss of anticipated profit or benefits, resulting from the use of this documentation or sample code. Use of this product is covered by a license agreement provided by Encore Business Solutions Inc. If you have any questions, please call our office at Publication Date EBR, August 2004

3 TABLE OF CONTENTS Table of Contents Introduction... 4 What s In This Manual?... 5 Symbols and conventions... 6 Additional resources... 6 Chapter: Installation & Setup Installing Electronic Bank Reconciliation Upgrading from previous versions of Electronic Bank Reconciliation Registering Electronic Bank Reconciliation Creating tables Setting up Electronic Bank Reconciliation Chapter: Using Electronic Bank Reconciliation Setting up the bank statement information Importing the bank statement Appendix A: Data tables Known Issues About Encore Business Solutions ELECTRONIC BANK RECONCILIATION i

4 TABLE OF CONTENTS ii ELECTRONIC BANK RECONCILIATION

5 INTRODUCTION

6 Introduction Welcome to Electronic Bank Reconciliation, a powerful companion product to Encore s Multicurrency Bank Reconciliation product and to the Bank Reconciliation module in Microsoft Business Solutions Great Plains. Electronic Bank Reconciliation provides the following features and benefits: Reads bank statement transactions Allows flexibility in defining the type of file format to use in the matching process (comma delimited or fixed length) Automatically matches payments and deposits greatly reduces the amount of time you will spend tediously matching entries against the bank statement (Note: Matching deposits is supported when using Encore s Multicurrency Bank Reconciliation module only.) Provides detailed reports showing all transactions that are Cleared and Not Cleared (Note: Cleared with a difference is available only when using Electronic Bank Reconciliation with Great Plain s Bank Reconciliation) 4 ELECTRONIC BANK RECONCILIATION

7 INTRODUCTION What s In This Manual? This manual contains a detailed description of Encore s Electronic Bank Reconciliation 8.0 module, step-by-step instructions to guide you through the installation and setup, and instructions for how to reconcile your bank statement electronically. This manual assumes that you are familiar with and know how to operate the Great Plains accounting system. It also assumes that Great Plains 8.0 has been installed and configured on your computer. This manual contains the following chapters: The Introduction chapter lists the benefits and features of the Electronic Bank Reconciliation 8.0 module. The Installation & Setup chapter has step-by-step instructions that guide you through the installation and setup of your Electronic Bank Reconciliation module. The Using Electronic Bank Reconciliation chapter describes how to set up bank statement information and how to import the bank statement when reconciling bank accounts. ELECTRONIC BANK RECONCILIATION 5

8 INTRODUCTION Symbols and conventions This manual uses the following symbols and conventions to make information stand out. Symbol/Convention Description The warning symbol indicates situations you should be especially aware of when completing tasks. Typically, this symbol includes cautions about performing steps in their proper order, or important reminders about how other information in Great Plains may be affected. The light bulb symbol indicates helpful tips, shortcuts and suggestions. File >> Print The ( >> ) symbol indicates selections to make from a menu. In this example, from the File menu, choose Print. Additional resources Documentation is provided in online or hard copy format as an Adobe Acrobat.PDF file. Online help is not available in this version of Multicurrency Bank Reconciliation. To obtain product support services: Please refer to this quick reference table when you need to use Encore s Technical Support services. Service Contact General Calls (204) Support Contracts (888) Fax (204) support@encorebusiness.com Web 6 ELECTRONIC BANK RECONCILIATION

9 INTRODUCTION ELECTRONIC BANK RECONCILIATION 7

10 INTRODUCTION 8 ELECTRONIC BANK RECONCILIATION

11 INSTALLATION & SETUP

12 Installation & Setup This chapter describes how to install and set up Electronic Bank Reconciliation. This chapter contains the following sections: Installing Electronic Bank Reconciliation Upgrading from previous versions of Electronic Bank Reconciliation Creating tables Registering Electronic Bank Reconciliation Setting up Electronic Bank Reconciliation Installing Electronic Bank Reconciliation You will use the installation program to install Electronic Bank Reconciliation. Before you begin installing, do the following: Note the directory location of your Great Plains installation. You will need this information during the installation. Verify that the EBR xxx.exe file has been loaded on to your computer. (The x s in the file name will be replaced with numbers.) Create a backup of your Great Plains data before installing Electronic Bank Reconciliation. Exit all applications. To install Electronic Bank Reconciliation: 1. Open Windows Explorer and locate the EBR xxx.exe file. The location of this file will vary depending on how you acquired the application. 2. Launch the EBR xxx.exe file by double-clicking it. The installation program for Electronic Bank Reconciliation will start. 10 ELECTRONIC BANK RECONCILIATION

13 INSTALLATION & SETUP 3. Follow the instructions in each window. 4. Start Great Plains. You will receive the following message box. 5. Select Yes. Information for Electronic Bank Reconciliation and Encore Product Registration will be included in the Dynamics.set file. For information on the data tables installed for Electronic Bank Reconciliation, refer to Appendix A, Data tables, ELECTRONIC BANK RECONCILIATION 11

14 INSTALLATION & SETUP Upgrading from previous versions of Electronic Bank Reconciliation To upgrade to version 8.0, you will need to obtain a new registration key. Call Encore Business Solutions Inc. toll-free at (888) to obtain the new registration key. To upgrade from any prior version, you must update tables in the Table Conversion window as described in Creating tables on page 13. Registering Electronic Bank Reconciliation Before you can use Electronic Bank Reconciliation with your company data, you must register your software. To register your software enter the product registration key provided to you by Encore. If you choose not to enter the registration key, you will only be able to use Electronic Bank Reconciliation in Fabrikam Inc the lesson company. To register your product: 1. Open the Encore Product Registration window. (Tools >> Setup >> System >> Encore Product Registration) 2. Select the product you wish to register 12 ELECTRONIC BANK RECONCILIATION

15 INSTALLATION & SETUP 3. Choose the show details expansion button to display the detailed view of the registration window. 4. Enter the product registration key provided by Encore for the product that you have purchased. 5. Select the About zoom field to open the About window for this product. This window contains the version number for this product and information on how to contact Encore. 6. Select OK to close the Encore Product Registration window. Creating tables Whether you want to demo or run the product, you must run the Table Conversion/Upgrade process to create tables this will set up SQL components and convert any existing data. You must log in as System Administrator to run Table Conversion. ELECTRONIC BANK RECONCILIATION 13

16 INSTALLATION & SETUP To create tables: 1. Open the Table Conversion window. (File>> Maintenance >> Encore Bank Reconciliation >> Table Conversion) 2. Select Process. Tables will be created, permissions will be set, and existing data will be converted. Every time you install Electronic Bank Reconciliation, you must run the table conversion/upgrade process. 14 ELECTRONIC BANK RECONCILIATION

17 INSTALLATION & SETUP Setting up Electronic Bank Reconciliation Before you can begin to use Electronic Bank Reconciliation to balance your bank account electronically, you must: Create an import layout Link layout to chequebook Create an import layout In the Import File Layout Maintenance window is used to create an Import ID template for an import file which can be used to import your bank statement. Once a file is created it allows you to match the fields in your bank statement to those in Electronic BankRec. To create an import layout: 1. Open the Import File Layout window. (Tools >> Setup >> Encore Electronic Bank Reconciliation >> Import File Layout) ELECTRONIC BANK RECONCILIATION 15

18 INSTALLATION & SETUP 2. Enter the Import ID you will use to import your bank files each month. You may define this ID tag as you wish an example would be Bank Import. 3. Select a file type, either Comma Delimited or Fixed Length. 4. Enter the file location of the sample file of your bank statement or use the file icon to locate it. 5. Count the number of header lines in your sample file. Enter this number in the Skip # rows. If the correct number isn t entered your file will not be imported successfully. 6. If you are using Comma Delimited, select the Sample Field that matches the one displayed in the Matching Field ID column until you have matched all required fields. See the table below the illustration which provides a description of all matching field IDs. Once you have completed matching the fields, skip to step ELECTRONIC BANK RECONCILIATION

19 INSTALLATION & SETUP Matching Field ID Required Description Document Date Yes Date transaction cleared bank Document Number Yes Field containing cheque #, Deposit #, etc. Payment Yes Payment amount field Deposit No Deposit amount field Description No Description of transaction 7. If you are using Fixed Length, enter the Start position (the starting position count the characters in the Sample at the bottom of the window to determine this) of the various matching fields and the Length of each of the fields (number of digits). ELECTRONIC BANK RECONCILIATION 17

20 INSTALLATION & SETUP 8. Select Save to save the changes you made in the Import File Layout Maintenance window. In order to reconcile deposits, Multicurrency Bank Rec looks for matching document numbers and deposit amounts. If your bank file does not include document numbers for deposits, you must enter ONE of the following two lines into the Dex.ini file to change this criteria. MCBR_MatchBy=DATE MCBR_MatchBy=AMOUNT After you add one of these two lines to the Dex.ini file, deposits will be matched by date and amount. Link layout to chequebook This procedure links the import layout you just defined to the chequebook that you want to reconcile. To link layout to chequebook: 1. Open the Link to Chequebook window. (Tools >> Setup >> Electronic Bank Reconciliation >> Link to Chequebook) 2. Choose the Chequebook ID that you want to link to the Import ID. 3. Enter or choose the Import ID created in the Import File Layout Maintenance window. 18 ELECTRONIC BANK RECONCILIATION

21 INSTALLATION & SETUP 4. Choose the Default File location and file name of your bank statement import file. 5. Select Save to save your changes. ELECTRONIC BANK RECONCILIATION 19

22 INSTALLATION & SETUP 20 ELECTRONIC BANK RECONCILIATION

23 USING ELECTRONIC BANK RECONCILIATION

24 Using Electronic Bank Reconciliation This chapter describes how to use Electronic Bank Reconciliation to reconcile your bank with your bank statement information. It includes the following sections: Setting up the bank statement information Importing the bank statement Setting up the bank statement information Before you can begin to reconcile bank statements using Electronic Bank Reconciliation, you must set up the bank statement information. See the Multicurrency Bank Reconciliation user manual for setup instructions if you are using Electronic Bank Reconciliation with Encore s Multicurrency Bank Reconciliation. To set up the bank statement information: 1. Open the Reconcile Bank Statements window. (Transactions >> Financial >> Reconcile Bank Statement) 2. Enter or choose a Chequebook ID. 3. Enter the Bank Statement Ending Balance amount reported on your bank statement. 4. Enter the Bank Statement Ending Date that is reported on your bank statement. 5. Enter the Cutoff Date for this reconciliation. 6. Choose Save to save the information in this window. You may choose Delete if you wish to delete the information in this window and begin again. 22 ELECTRONIC BANK RECONCILIATION

25 USING ELECTRONIC BANK RECONCILIATION Importing the bank statement Once your bank statement information is set up, you can import the bank statement. To import the bank statement 1. Open the Bank Import window. (Transactions >> Financial >> Encore Electronic Bank Import) 2. Enter or choose the Chequebook ID that you want to match transactions against. 3. Ensure that the Import File displayed is the Import ID that you linked to the selected chequebook in the Link to Chequebook Maintenance window. ELECTRONIC BANK RECONCILIATION 23

26 USING ELECTRONIC BANK RECONCILIATION 4. Choose Import to import the bank statement file. 5. Choose Match to start the reconciling process Cheques will be matched by document number and payment amount and a detailed matching report will be created listing all transactions that cleared or did not clear. (Note: Cleared with a difference is available only when using Electronic Bank Reconciliation with Great Plain s Bank Reconciliation) 24 ELECTRONIC BANK RECONCILIATION

27 USING ELECTRONIC BANK RECONCILIATION 6. The report destination dialog box will appear when the match reconciliation process is finished. 7. Select the report destination(s) you prefer to view a report similar to the one below. ELECTRONIC BANK RECONCILIATION 25

28 USING ELECTRONIC BANK RECONCILIATION 26 ELECTRONIC BANK RECONCILIATION

29 APPENDIX A DATA TABLES Appendix A: Data tables The following charts list all related data tables created in Electronic Bank Reconciliation and their descriptions. Financial Series Display Name Technical Name Physical Description Name A_Import_Banks A_Import_Banks BS3000 Import Banks & reports A_Bankrec_Import_Temp A_Bankrec_Import_Temp BS2005 Import Banks & reports A_Import_Checkbook_MSTR A_Import_Checkbook_MSTR IMP0003 Import Checkbook A_Import_Generic_TEMP A_Import_Generic_TEMP TEMP Temp file for import A_Import_Field_Match_TEMP A_Import_Field_Match_TEMP TEMP Temp file for import A_Import_Generic_Exceptions_ RPT A_Import_Generic_Exceptions_ RPT TEMP For Report use only A_Import_Generic_HDR A_Import_Generic_HDR IMP1000 Import Checkbook, File Layout A_Import_Generic_LINE A_Import_Generic_LINE IMP1100 Import Checkbook, File Layout Line A_Import_Generic_Problem_RPT A_Import_Generic_Problem_RPT TEMP For reports use only ELECTRONIC BANK RECONCILIATION 27

30 APPENDIX A DATA TABLES 28 ELECTRONIC BANK RECONCILIATION

31 Known Issues Electronic Bank Reconciliation does not support multicurrency cheque books. If the currency that you are attempting to link to the cheque book ID does not match the functional currency of your company, you will not be able to link that currency. ELECTRONIC BANK RECONCILIATION 29

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33 About Encore Business Solutions Encore Business Solutions Inc. is part of a worldwide network of independent partner organizations that sell, implement, and support the award-winning products of Microsoft Business Solutions. Encore is also an authorized Solution Developer for Microsoft Business Solutions developing and marketing industryspecific software worldwide that tightly integrates to core modules of Microsoft Business Solutions Great Plains and Small Business Manager. We are 100% dedicated to developing client-focused, reliable, industry-specific solutions and companion applications providing total end-to-end solutions that meet the operational and reporting needs of our customers. Encore has developed several products including: Project Tracking Series Billing Series Financial Series Project Tracking with Profit Analysis Project Tracking Budgeting Project Tracking Importer Project Tracking ImageLink Advanced Analytics for Project Tracking Recurring Contract Billing Recurring Contract Billing Importer Recurring Contract Billing ImageLink Mass Billing Enhanced Customer Statement Electronic Bank Reconciliation Multicurrency Bank Reconciliation GST / PST Distribution If you have questions regarding any Encore product or service, feel free to contact us. Phone: (888) (204) Fax: (204) encore@encorebusiness.com Internet: Mail: Provencher Blvd. Winnipeg, MB, Canada R2J 0B8 Microsoft Gold Certified Business Solutions Partner 2003 Microsoft Business Solutions Organizational Excellence 2002 Microsoft Business Solutions Inner Circle Member 2000, 2002, 2003 & 2004 Microsoft Business Solutions Partners Choice Developer Award 1999 & 2000 Microsoft Business Solutions President s Club 2004